Giant price is $0.00022477
The current price of Giant (GIC) is $ 0.00022477. Over the last 24 hours, Giant's price has increased by +0.00%%. The trading volume of GIC in the past 24 hours is approximately 0.5.
Giant is an interesting entrant in the world of cryptocurrencies. Functioning on its own blockchain, the Giant Coin (GIC) powers all operations within the Giant ecosystem. The Giant protocol uses a hybrid of Proof-of-Stake and masternodes for its consensus mechanism, which promotes secured transactions, faster block generation, and a self-governing community.
Giant was created by a team of anonymous developers committed to creating an environment of transparency and efficiency in the blockchain-based contract system. While names are not disclosed, the team continually provides updates on their website and engages with the community in a discrete manner, emphasizing their commitment to the project.
Giant (GIC) works on a unique hybrid consensus mechanism that combines Proof-of-Stake and masternodes. This mechanism ensures transaction security and speed in the network. Masternodes participate in important network choices, including InstantSend and PrivateSend, giving them a vital role in the Giant ecosystem.
Proof-of-Stake requires users to hold a certain number of GIC coins in their wallets. The more GIC coins a user holds, the higher their chances of being selected to validate and staking a new block on the blockchain.
Giant's unique blend of Proof-of-Stake and masternodes makes it different from many other cryptocurrencies. This hybrid consensus model promotes quicker transaction times and offers stakers and masternode holders an opportunity to participate in network governance.
Also exceptional about Giant is its commitment to creating a transparent environment for executing smart contracts. The team continuously works on delivering optimized solutions, which contribute to the uniqueness of the platform.
The security of the Giant network comes from its unique consensus mechanism, which combines Proof-of-Stake and masternodes. Due to the need for GIC holders to stake a certain number of coins, and for masternode operators to hold a specified amount of coins, the system makes it economically unfeasible for anyone to try to manipulate the network or perform double-spend attacks.
There are currently 19.1M GIC coins in circulation. The team has set a cap on the total supply of GIC coins at .
As of now, Giant (GIC) can be purchased on the following exchanges: Graviex, CREX24. It's important to note that cryptocurrency investments carry risk, so always perform due diligence prior to making any purchases.
Like with any other cryptocurrency, the safety of GIC coins depends largely on how they are stored. Utilizing hardware wallets for storing your GIC coins is considered the safest option. In addition, it's important to keep your wallet's private keys and recovery phrases secure and hidden, as any compromise to these could mean a loss of your assets. Always exercise caution when dealing with digital currencies.
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